EPOKY - Eprioc Riding High As A Best-In-Class Play On Mining Capex
- Epiroc has seen strong order inflow as mining companies start catching up on years of deferred capex in response to strong metal prices.
- Strong positions in electrification, automation, and digitalization should drive Epiroc to above-average sales growth even after the major capex cycle fades.
- Epiroc's strong balance sheet can facilitate ongoing returns of capital to shareholders while still allowing management to acquire more technological capabilities in automation, electrification, and software.
- It's hard to argue that Epiroc shares are cheap today, though positive cycle momentum could still offer upside over the next 6-12 months.
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Eprioc Riding High As A Best-In-Class Play On Mining Capex